Short Interest in Dynatrace, Inc. (NYSE:DT) Rises By 23.1%

Dynatrace, Inc. (NYSE:DT) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,550,000 shares, an increase of 23.1% from the February 28th total of 5,320,000 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 3,050,000 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DT. UBS Group increased their target price on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley raised their price objective on shares of Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Barclays lifted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Scotiabank increased their target price on Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Price Performance

Shares of DT traded up $0.75 during mid-day trading on Tuesday, reaching $47.90. The company’s stock had a trading volume of 3,065,027 shares, compared to its average volume of 3,219,898. Dynatrace has a 12-month low of $39.42 and a 12-month high of $63.00. The stock has a market cap of $14.34 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The company’s 50 day moving average is $55.33 and its 200 day moving average is $54.41.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now owns 506,720 shares in the company, valued at approximately $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 in the last three months. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its stake in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dynatrace in the 4th quarter valued at $38,000. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the period. Coppell Advisory Solutions LLC boosted its stake in Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company’s stock worth $39,000 after purchasing an additional 669 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in Dynatrace by 35.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after purchasing an additional 256 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.